What you need to know on Wall Street today

Barclays is building a new team intended to tap unconventional data sources to bolster its research department, and it has hired a top data scientist from BuzzFeed to lead the charge.

The British bank announced Thursday that it had hired Adam Kelleher as director and chief data scientist for research, a new role at the bank focused on “sourcing, normalizing, and utilizing alternative data sets to support Barclays’ Research franchise.”

Kelleher, previously a principal data scientist and machine-learning expert at BuzzFeed, will build and lead a global team of data scientists capitalizing on the burgeoning field of alternative data— raw or unstructured sources of information like satellite imagery or weather patterns not found in traditional financial filings or investor presentations.

In other banking news, Deutsche Bank has named a new head of its institutional client group, which sells fixed income and equities products to clients.The German lender has been shuffling around major executives in the last several weeks after the appointment of new CEO Christian Sewing.

Deutsche Bank just waved farewell to its emerging… Deutsche Bank's head of emerging market debt trading Sean Bates left the bank last week, according to people familiar with the matter. The German lender has been shuffling key executives in the last several weeks under new CEO Christian Sewing. The turnover in Deutsche Bank's trading business continues. Sean Bates, the bank's London-based global head of emerging market debt trading, left the bank last week, according to people with knowledge of his departure. He'll be replaced by James Davies, head of structuring in the fixed-income and currencies department, one of the people said. Deutsche Bank has been shuffling major executives…

Deutsche Bank could reportedly see 10,000 job cuts Deutsche Bank may eliminate as many as 10,000 jobs as part of a broader cost-cutting initiative, according to the Wall Street Journal. Job cuts could extend into 2019, the report said. Deutsche Bank may eliminate as many as 10,000 jobs as part of a larger cost-cutting initiative at the German lender, according to the Wall Street Journal. The cuts could hit 1 out of every 10 employees and may extend into 2019, the report said. Separately, Deutsche Bank is looking at pulling out of several equities markets around the globe, Bloomberg reported on Wednesday. Under new CEO Christian Sewing, Deutsche…

Deutsche Bank sinks to an 18-month low after reports… Deutsche Bank slipped as much as 3% ahead of its annual shareholder meeting Thursday. Separate reports outlined the bank's expected announcements, which are said to include a 10% staff cut and withdrawal from equity markets around the world. Follow Deutsche Bank's stock price in real-time here. Shares of Deutsche Bank fell as much as 3% in early trading Wednesday, its lowest in more than a year, after new reports said the bank will make massive staff cuts and business pullbacks. Ahead of the German bank's shareholder meeting on Thursday, the Wall Street Journal reported Deutsche Bank would cut up to…